Currituck County Property Taxes
The median property tax rate in Currituck County is 0.71%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Currituck County at $330,900, the typical annual property tax bill is $2,308, which is below the national median of $2,690. Property taxes in Currituck County are calculated based on the tax assessed value, often lower than the actual market value due to exemptions like the primary residence and agricultural exemptions. Understanding Currituck County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Currituck or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Currituck County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$2,349
$2,180
Ownwell’s Currituck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Currituck with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Currituck to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Currituck County, North Carolina
Property taxes in Currituck County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Currituck County is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Currituck County set these rates annually, and they can vary significantly between different areas within the county. Each year, Currituck County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Currituck County's effective property tax rate with other areas in North Carolina and the national median. For comparison, the city of Corolla has one of the higher property tax rates in North Carolina at 0.73%, while the city of Harbinger boasts one of the lowest at 0.63%. Analyzing how Currituck County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Currituck County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Currituck County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aydlett | 0.56% | 0.56% | 0.64% | 0.69% | 0.74% |
| Barco | 0.56% | 0.60% | 0.69% | 0.76% | 0.80% |
| Coinjock | 0.56% | 0.56% | 0.66% | 0.74% | 0.91% |
| Corolla | 0.62% | 0.67% | 0.73% | 0.83% | 1.11% |
| Currituck | 0.56% | 0.56% | 0.64% | 0.66% | 0.75% |
| Grandy | 0.56% | 0.61% | 0.71% | 0.92% | 1.30% |
| Harbinger | 0.54% | 0.56% | 0.63% | 0.67% | 0.72% |
| Jarvisburg | 0.56% | 0.59% | 0.68% | 0.76% | 0.88% |
| Knotts Island | 0.61% | 0.62% | 0.73% | 0.81% | 0.94% |
| Maple | 0.56% | 0.59% | 0.70% | 0.75% | 0.81% |
| Moyock | 0.56% | 0.61% | 0.66% | 0.76% | 1.13% |
| Point Harbor | 0.56% | 0.59% | 0.65% | 0.73% | 0.82% |
| Poplar Branch | 0.56% | 0.60% | 0.69% | 0.77% | 0.87% |
| Powells Point | 0.56% | 0.62% | 0.68% | 0.72% | 0.79% |
| Shawboro | 0.27% | 0.56% | 0.66% | 0.73% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Currituck County, North Carolina
In Currituck, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Currituck Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Currituck are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city of Corolla has the highest median tax bill at $4,123, while Grandy has the lowest at $727. Being aware of these valuation processes in Currituck will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Currituck County, North Carolina
Source: Ownwell
$97,200
$300,600
$504,000
Average Currituck County Assessed Value
$330,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Currituck County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aydlett | $80,560 | $143,250 | $209,700 | $331,375 | $529,040 |
| Barco | $59,150 | $112,200 | $144,200 | $227,875 | $279,200 |
| Coinjock | $59,680 | $99,350 | $175,500 | $287,900 | $436,740 |
| Corolla | $215,900 | $355,350 | $504,000 | $757,400 | $1,222,400 |
| Currituck | $92,120 | $126,550 | $245,700 | $329,550 | $503,760 |
| Grandy | $22,400 | $42,950 | $97,200 | $195,050 | $278,920 |
| Harbinger | $110,100 | $181,500 | $259,600 | $357,700 | $520,800 |
| Jarvisburg | $49,020 | $96,900 | $157,650 | $238,750 | $384,860 |
| Knotts Island | $54,000 | $96,800 | $161,000 | $271,800 | $413,300 |
| Maple | $98,100 | $124,075 | $176,800 | $293,600 | $379,460 |
| Moyock | $33,450 | $83,000 | $187,550 | $347,700 | $460,100 |
| Point Harbor | $65,260 | $108,425 | $190,250 | $340,950 | $561,490 |
| Poplar Branch | $56,960 | $98,650 | $154,000 | $228,525 | $374,710 |
| Powells Point | $79,900 | $131,800 | $188,800 | $278,500 | $383,600 |
| Shawboro | $64,960 | $99,500 | $163,900 | $276,200 | $477,880 |
Source: Ownwell
Property Tax Bills Across Currituck County, North Carolina
In Currituck County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The county assesses properties to determine their value, which is then multiplied by the tax rate to calculate the annual tax bill. For instance, the median home price in Currituck County is $330,900. Factors such as location, property size, and market conditions influence the assessed value. Homeowners in Currituck County experience a range of tax bills. The 25th percentile tax bill is $1,022, while the 75th percentile reaches $4,330, and the 90th percentile goes up to $6,608. The highest median tax bill in the county is found in Corolla at $4,123, whereas Grandy has the lowest median tax bill at $727. These variations impact homeowners differently, depending on their property's assessed value and location. Compared to the national median property tax rate of 0.99%, Currituck County's tax bills reflect a diverse range of financial obligations for its residents.
Average Currituck County Tax Bill
$2,308
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Currituck County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aydlett | $485 | $966 | $1,357 | $1,963 | $3,007 |
| Barco | $315 | $731 | $1,004 | $1,499 | $1,761 |
| Coinjock | $406 | $724 | $1,125 | $1,823 | $2,506 |
| Corolla | $1,566 | $2,881 | $4,123 | $5,729 | $9,446 |
| Currituck | $516 | $753 | $1,552 | $2,027 | $2,770 |
| Grandy | $194 | $422 | $727 | $1,260 | $1,765 |
| Harbinger | $555 | $1,088 | $1,620 | $2,214 | $3,139 |
| Jarvisburg | $366 | $702 | $1,050 | $1,532 | $2,203 |
| Knotts Island | $442 | $779 | $1,117 | $1,744 | $2,550 |
| Maple | $709 | $888 | $1,146 | $1,905 | $2,454 |
| Moyock | $386 | $564 | $1,185 | $2,028 | $2,704 |
| Point Harbor | $495 | $785 | $1,234 | $2,035 | $3,393 |
| Poplar Branch | $428 | $743 | $1,050 | $1,514 | $2,090 |
| Powells Point | $475 | $898 | $1,323 | $1,797 | $2,315 |
| Shawboro | $362 | $700 | $1,073 | $1,556 | $2,397 |
Source: Ownwell